It seems that the reports that Facebook is planning to introduce real money casino games is more than just a rumor. The latest acquisition by IGT definitely gives us a definite indication that Facebook’s intentions are clear.

Online scratch cards have long being considered a social form of online gambling that attract millions of online players from all walks of life.

The fact that online “scratchcards” have global appeal due to their simplicity and affordability make them an ideal partner for the biggest social network in the world.

International Game Technology (IGT) have announced that it intends to purchase the social media developer Double Down Interactive LLC for $500 million in anticipation of future online gambling revenues.

Double Down Interactive develops casino-style games for Facebook. Double Down is the dominant casino product of Facebook and there have been reports that the social giant is looking into offering real real-money casino games where it is legal possible.

Playing online scratch cards is a social pastime that is enjoyed by millions on a daily basis. The combination of interacting on the world’s largest social network and the thrill of playing online scratchcards are an unbeatable recipe for success.

Greg Enell, CEO of the Seattle-based Double Down Interactive company believes that their acquisition by IGT is a logical one as IGT is a leader in developing slot content. He emphasized that his enthusiasm of them being able to build slots for Double Down’s platform and brands such as Sex & The City and DaVinci Diamonds.

The deal is comprised of $250 million in cash, $85 million in retention payments over the next two years and further $165 million performance-based payments for the coming three years.

This is another successful acquisition for IGT in the online gambling market after last year’s acquisition of a Swedish based software provider Entraction AB that supports online bingo, betting and poker.
The acquisition of Entraction was considered a small part of its overall business and was acquired primarily for its strategic importance.

The deal is expected to be finalized close to fiscal second quarter and the acquisition is expected to add to IGT’s fiscal 2012 earnings.
Upon the news IGT shares rose 7 cents to $17.85.

The online scratch card community is a very close knit community as we all share the passion for this classic and easy to play online games.

One of the most attractive elements of online scratch cards is the fact that the variety and scope of scratch cards available means that there is an online scratch card that is suitable for all tastes and budgets.

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